RED RIVER BANCSHARES INC

The Bank is the owner of various life insurance policies covering certain officers of the Bank, including each of our NEOs. In connection with these life insurance policies, on October 1, 2004, the Bank entered into Endorsement Method Split-Dollar Agreements with Mr. Chatelain, Ms. Carriere, Mr. Salazar, and Ms. Salazar, which agreements provide for certain death benefits to the beneficiaries of each of Mr. Chatelain, Ms. Carriere, Mr. Salazar, and Ms. Salazar. In particular, the Endorsement Method Split-Dollar Agreements provide for a maximum death benefit to Mr. Chatelain’s beneficiaries of $1.4 million, to Ms. Carriere’s beneficiaries of $500,000, to Mr. Salazar’s beneficiaries of $500,000, and to Ms. Salazar’s beneficiaries of $500,000, which death benefits are subject to reduction to the extent that the officer receives payments under their respective SERPs (as discussed above) after the full benefit date.

On July 1, 2021, the Bank entered into Supplemental Split-Dollar Agreements with Mr. Chatelain, Ms. Carriere, Mr. Salazar, and Ms. Salazar providing for an additional maximum death benefit of $100,000 to the beneficiaries of each.

On July 1, 2021, the Bank entered into a Split-Dollar Agreement with Mr. Hall, which provides for a maximum death benefit to Mr. Hall’s beneficiaries of $100,000, which benefits are subject to reduction to the extent Mr. Hall receives payment under his SERP after December 31, 2028.

All proceeds from the Endorsement Method Split-Dollar Agreements, the Split-Dollar Agreement, and the Supplemental Split-Dollar Agreements that are not paid to the beneficiaries of our NEOs will be paid to the Bank.

-29-